KELOWNA, BC, Dec. 11, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to report the
discovery of base metal mineralization at its North Rackla project in
the Yukon.
To date 127 rock samples collected during the summer field program have
been analyzed. Of these, twenty were collected by geologist Chad
Ulansky from a newly discovered gossan zone which sub-outcrops for a
distance of 600 metres with an apparent width of up to 20 metres. The
gossan zone is open at both ends. Grab samples of sub-outcrop and down
slope talus were assayed from along the 600 metre strike length and the
results are as contained in the following table:
Sample | Type | Copper | Lead | Zinc | Silver |
| | (%) | (%) | (%) | (oz/t) |
KAR0245
|
Talus
|
0.04
|
0.37
|
2.84
|
BDL
|
KAR0246
|
Talus
|
0.08
|
1.93
|
5.05
|
0.18
|
KAR0247
|
Talus
|
0.05
|
43.60
|
0.74
|
3.48
|
KAR0248
|
Subcrop
|
0.06
|
1.54
|
2.88
|
BDL
|
KAR0249
|
Subcrop
|
0.17
|
0.55
|
2.10
|
0.89
|
KAR0250
|
Subcrop
|
0.00
|
5.10
|
2.07
|
0.52
|
KAR0251
|
Subcrop
|
0.21
|
11.60
|
2.63
|
1.63
|
KAR0252
|
Subcrop
|
0.08
|
0.31
|
0.68
|
0.90
|
KAR0253
|
Subcrop
|
2.52
|
2.11
|
1.58
|
14.36
|
KAR0254
|
Subcrop
|
0.05
|
0.02
|
0.43
|
0.16
|
KAR0255
|
Subcrop
|
0.07
|
0.05
|
0.79
|
BDL
|
KAR0256
|
Subcrop
|
0.10
|
0.02
|
0.17
|
BDL
|
KAR0257
|
Subcrop
|
0.42
|
0.23
|
0.65
|
1.32
|
KAR0258
|
Subcrop
|
0.18
|
0.06
|
0.54
|
0.47
|
KAR0259
|
Subcrop
|
0.89
|
1.09
|
0.84
|
1.65
|
KAR0263
|
Subcrop
|
0.14
|
1.88
|
5.92
|
0.96
|
KAR0264
|
Subcrop
|
0.13
|
1.15
|
6.65
|
1.53
|
KAR0265
|
Subcrop
|
1.19
|
4.64
|
7.11
|
35.60
|
KAR0266
|
Subcrop
|
0.28
|
0.16
|
2.26
|
1.67
|
KAR0267
|
Talus
|
0.00
|
20.20
|
6.75
|
1.59
|
*"BDL" is Below Detection Limits
In addition, gossanous float sample KAR0268 in the vicinity of the
gossan zone described above (collected approximately 500 meters to the
north east) was determined to contain 0.13% copper, 1.01% lead, 11.4%
zinc and 0.56 ounces per ton silver. It appears that this float is
from a separate zone.
Cantex looks forward to following up these results when field conditions
permit.
The technical information and results reported here have been reviewed
by Mr. Chad Ulansky P.Geol., a Qualified Person under National
Instrument 43-101, who is responsible for the technical content of this
release.
Signed,
Charles Fipke
Charles Fipke
Chairman
About the Company
Beyond the Yukon project Cantex has projects in Yemen and Nevada. In
Yemen the advanced Al Hariqah gold project has been optioned to WCP
Resources Ltd of Australia while in Nevada the Company has five drill
ready properties along known trends of gold mines and is currently
seeking joint venture partners to advance the projects.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Cantex Mine Development Corp.
<p> Cantex Mine Development Corp, Tel: +250-860-8582, Email: <a href="mailto:info@cantex.ca">info@cantex.ca</a> </p>